Baidu Inc
China’s robotaxi push sparks job loss fears among drivers. Experts say it can create new jobs too
TOPSHOT – The photo taken on August 1, 2024 shows a general view of the driver’s seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu’s Apollo Go self-driving project, in Wuhan, in central China’s Hubei province. Turning heads as they cruise past office buildings and malls, driverless taxis […]
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Tesla’s Optimus faces stiff humanoid competition at Beijing robot conference
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024. CNBC | Evelyn BEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid inside a clear box, motionless next to its cars. Elon […]
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Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters. Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26% […]
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Michael Burry of ‘The Big Short’ fame made Chinese internet companies his top bets last quarter
Michael Burry, best known for calling the subprime mortgage crisis, reshuffled his investment portfolio last quarter, making Chinese internet stocks among his top holdings, according to a new regulatory filing released Wednesday. Burry’s hedge fund, Scion Asset Management, increased its bet on Alibaba in the second quarter, making it his biggest holding, worth more than […]
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Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
Philippe Laffont’s Coatue built a position at Paramount Global amid tumultuous times for the storied media company. The technology-focused investor opened a stake of more than 3 million shares in the legacy entertainment giant during the second quarter, according to regulatory fillings. That amounts to a holding worth more than $38 million. Laffont is one of […]
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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a […]
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Samsung is developing AI features specifically for China as it looks to claw back into market
TM Roh, head of Samsung’s mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France. Arjun Kharpal | CNBC But China, the world’s biggest smartphone market, has been a struggle for Samsung over the last few years. Its market share for smartphones sits under 1%, with local players like Huawei dominating. […]
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China’s robotaxi push sparks concerns about job security for drivers
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction […]
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China leads the patents race for generative AI, with Tencent and Baidu topping the list
TIANJIN, CHINA – JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China dominates the global race in generative […]
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Chinese smartphone maker Honor claims AI’s electricity is ‘worthless’ without the need of data privateness
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on phase at Shanghai Cell Globe Congress all through an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The reworking power of synthetic intelligence is of no worth except if user information is safeguarded, CEO of Chinese smartphone enterprise Honor, George Zhao, informed […]
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